IRS data released Thursday shows that while the average refund fell, the tax filing season was largely unchanged by the huge tax overhaul. The Tax Cut and Jobs Act, pushed by President Trump, lowered the tax rate for most Americans. This year was the first time taxpayers filed under its changes. It overhauled many of the rules surrounding the process — such as roughly doubling the standard deduction and limiting many popular itemized deductions. IRS data released Thursday though shows that as of April 19, the average refund fell 2% to $2,725. The IRS data does not include how much taxpayers may have owed at tax filing time.

They’re taking speakers Siriusly

SiriusXM has started a program called Essential for those who want to hear its music and entertainment on devices like Amazon Alexa and Apple TV as well as phones, tablets and desktops. TechCrunch reported that the service will cost $8 a month.

Number of the day

$1 trillion

That’s the milestone that Microsoft’s market capitalization reached Thursday, making it the third company ever to hit that mark, according to the Verge. But like its two predecessors — Apple and Amazon — Microsoft couldn’t hold on to the lofty value, winding up trading with its cap at a mere $991 billion. The high mark came a day after Microsoft said it had $30.6 billion in quarterly revenue, up 14% over a year ago, while profit rose 19%, to $8.8 billion. In earnings reported Thursday, Amazon said its first-quarter profit more than doubled from a year ago. Santa Clara’s Intel topped estimates for the last quarter, but warned that for the quarter ending in July, it expects per-share earnings to be 89 cents. Analysts were forecasting $1.01.